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Clifford Chance
senior partner Stuart Popham recounts his UK ministerial visit to India last month, which included Ambani, best friends and mile-high parties, as first published by the UK's The Lawyer magazine.
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Foreign investments in India's educational sector have been hampered by regulatory restrictions but the new Foreign Educational Institutions and other bills promise to change the landscape, explain M Dhruva & Partners partner Manthan Unadkat and senior associate Tanya Raghani.
Legal process outsourcing (LPO) companies have come under the spotlight after the the recent Balaji Chennai High Court writ petition and the Bombay High Court's decision in the Lawyers Collective v. Ashurst case. The cases have created significant uncertainty, argues SDD Global's Sanjay Bhatia, although for the most part it has been a false alarm for LPOs.
The draft Model Real Estate Act, while a good idea in principle, has missed the mark on many important practical points and needs work before becoming law, argues bank in-house lawyer Sapan Gupta.
The debacle of economies around the world triggered by irresponsible, uncontrolled investment in the global real-estate market has made India aware of its need to regulate the sector, despite coming out of the crisis relatively unscathed.
The Model Real Estate Act by the Ministry of Housing & Urban Poverty Alleviation (MHUPA) is a step in the right direction. But as it stands today, the act overlooks some practical hurdles in the way of addressing several of its objectives to protect individuals from defaults.
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